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The latest United Nations report reveals a troubling global hunger crisis, with approximately 733 million people—one in eleven worldwide—facing hunger in 2023.

The 33rd IGC Grains Conference 2024 titled “Reshaping the conversation on global trade and food security” was held in London on the 11th and 12th June 2024 and addressed the role of trade in global food security.

Global wheat production in 2023/24 is tentatively projected to retreat from the prior year’s record level amid a pullback in harvested area and yields, including a drop in the eight major exporters, the International Grains Council (IGC) said. The IGC saw global wheat production falling to 787 million tons from 801 million tons in the prior season.

The latest State of Food Security and Nutrition report shows the world is moving backwards in efforts to eliminate hunger and malnutrition.

The World Bank announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in existing and new projects in areas such as agriculture, nutrition, social protection, water and irrigation. This financing will include efforts to encourage food and fertilizer production, enhance food systems, facilitate greater trade, and support vulnerable households and producers.

A declaration passed by the International Grains Council calls on Russia to ‘immediately and unconditionally’ cease its aggression against Ukraine.